The China International Import Expo (CIIE) has helped to diversify China’s sources of imports and facilitate greater trade flows between China and Africa, says François Gamet, head of Asia for the … ( read original…
FINANCE
Beijing sets up special fund as part of plan to become a blockchain hub by 2022
Beijing is aiming to become a hub for blockchain innovation over the next two years, integrating the city’s economic development with the new technology.The post Beijing sets up special fund as part … ( read…
China c.bank to cut re-discount, relending rates from July 1 – sources
China’s central bank will cut the re-discount and re-lending rates by 25 basis points as of July 1, two sources with direct knowledge told Reuters on Tuesday, in a move that will reduce funding costs…
Beijing assists small and micro enterprises through financial innovation
The Beijing Banking and Insurance Supervision Bureau recently announced that in 2020, initial loans from the city’s banks to small and micro enterprises reached 80 billion yuan, adding a total of … ( read original…
World Bank sees Thai economy shrinking by at least 5% this year
Thailand’s economy is expected to be severely impacted by the COVID-19 pandemic, shrinking by at least 5% this year and taking more than two years to return to pre-pandemic GDP output levels, the … (…
360 Finance Selected for the 2020 CB Insights China Fintech 50 List
The List was released during the Future of Fintech China, a summit of China’s major financial institutions, promising fintech startups and active venture investors organized by CB Insights, a … ( read original story …)
U.S. ending special treatment of Hong Kong amid tensions with Beijing
The Department of Commerce and State Department announced actions Monday that will end U.S. special treatment of Hong Kong. ( read original story …)
Aircraft Carrier Size Investment Banks Won’t Solve China’s Financial Woes
A state-owned Chinese JP Morgan equivalent might help stave off foreign competition, but it won’t do much to fix the sector’s structural frailties. ( read original story …)
China’s central bank vows stronger macro policy moves to shore up economy
BEIJING (Xinhua): China’s central bank on Sunday (June 28) vowed stronger macro-economic policy adjustment as well as better fiscal, monetary, and employment policy coordination and implementation to … ( read original story …)
China conducts sixth central bank bills swap in 2020
The People’s Bank of China, the central bank, on Monday conducted the sixth central bank bills swap (CBS) operation in 2020 to improve the liquidity of perpetual bonds issued by commercial banks. The … (…
China Brokers Sink on Report Banks May Get Securities’ Licenses
Citic Securities Co., China’s largest broker, fell 2.9% as of 10:10 a.m. in Shanghai, while Industrial & Commercial Bank of China Ltd., the nation’s largest lender, rose 0.4%. Caixin reported … ( read original story…
China State Firms’ Profits Fall 52.7% Year-On-Year in Jan-May: Finance Ministry
May, according to a statement from the country’s Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion). ( read original story …)
All tangled up: China confusion leaves scrap metal stranded overseas
China is dragging its feet in releasing new codes governing high-grade copper and aluminium scrap imports, leaving scrap metal firms abroad confused and without a clear way into their key market. Top … ( read…
